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Kazera Global begins channel sampling at Homestead area of Namibia Tantalite Investment Mine

The investment group said 165 core samples from Homestead would be prepared for assay by geochemistry analysis firm ALS

NTI mine site
The channel sampling is aiming to define Lithium and Tantalum mineralisation in the area

Kazera Global PLC (LON:KZG) said channel sampling has commenced at the Homestead location of the Namibia Tantalite Investment Mine (NTI), with a number of core samples being prepared for assay.

The AIM-listed investment group, which has an interest in the NTI through a stake in African Tantalum Limited (Aftan), said 165 core samples from Homestead would be prepared for assay by geochemistry analysis firm ALS.

WATCH: Kazera Global kicks off drilling programme at Namibia Tantalite Investment Mine

Kazera added that the channel sampling at Homestead would aim to define Lithium and Tantalum mineralisation in the area as well as its grade.

Aftan had also sub-contracted a third-party earthmoving firm to clear all drilling tracks in advance of the drills arrival, the company said.

Meanwhile, Kazera said Aftan would be meeting with bidders involved in the tender of the Orange River pipeline to review their technical proposals following the receipt of a water license to acquire water from the river in March.

Seven companies are currently bidding for the license, and the company is seeking to reduce these to a short list following proposal review.

Quick facts: Kazera Global PLC

Price: 0.4555 GBX

AIM:KZG
Market: AIM
Market Cap: £1.61 m
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